India BAMPS on U.S. Trade Pact Amid Trump’s 15% Tariff Jolt

India’s government has put on hold the U.S.-India trade pact following the imposition of a 15% tariff by the U.S. on Indian exports, Bloomberg reported.

The move is seen as a significant setback for the trade pact, which aimed to boost bilateral trade between the two countries. The pact was expected to be finalized in the coming months, but the-effects of the tariff will likely delay the process.

The 15% tariff, imposed by the U.S. Trade Representative, is a response to India’s refusal to import more U.S. goods, including agricultural products and energy items. The move is seen as a retaliatory measure by the U.S. against India’s trade practices.

India’s government has expressed disappointment over the tariff and has vowed to take necessary steps to protect its exporters. The country’s trade ministry has said that it will review the trade pact and consider alternative options to mitigate the impact of the